06/05
2024
<2023 Green Impact Report> Excellent Enterprise——MOJIABIO
06/05
"In 2020, Asia Green Fund led the Series A financing of MOJIABIO and participated in the Series B financing in 2022. Bio-manufacturing is a prevailing trend in the material sector towards greener and deeper decarbonization. MOJIABIO, through developing environmentally friendly bio-manufacturing methods to substitute high-pollution, high-energy-consuming traditional chemical production technologies, fully exemplifies Asia Green Fund's green impact investment philosophy. Asia Green Fund facilitated MOJIABIO’s collaboration with another portfolio company, East Low Carbon, and carried out an energy-saving and emission reduction project for its Guangan factory. It is estimated that after the revamping, a reduction of 1056 tons/year of CO2 emissions and 320 tons/year of carbon emissions will be achieved."
In May 2022, the National Development and Reform Commission issued China’s "14th Five-Year Plan for the Development of the Biological Economy," explicitly identifying bio-manufacturing as a strategic emerging industry. The country will accelerate development of the bio-manufacturing industry and construct a green, low-carbon and circular development economic system in China.
Focusing on Innovation in Bio-Manufacturing Technology to Promote Sustainability
Since established in 2018, MOJIABIO has been committed to developing innovative biotechnology as its core, integrating interdisciplinary strengths to replace fossil-based, highly polluting, energy-intensive traditional manufacturing processes with environmentally friendly biomanufacturing. The rise of Biomanufacturing will drive product innovation and cost-effectiveness in the chemical, energy, and materials sectors, supporting human sustainable development. Over five years of development, MOJIABIO has made significant strides in technological innovation and application expansion. Leveraging innovative enzyme engineering and bio-metabolic pathway platforms, the company has completed process development for several industrial products and commenced mass production.
In May 2022, the National Development and Reform Commission issued China’s "14th Five-Year Plan for the Development of the Biological Economy," explicitly identifying bio-manufacturing as a strategic emerging industry. The country will accelerate development of the bio-manufacturing industry and construct a green, low-carbon and circular development economic system in China.
Focusing on Innovation in Bio-Manufacturing Technology to Promote Sustainability
Since established in 2018, MOJIABIO has been committed to developing innovative biotechnology as its core, integrating interdisciplinary strengths to replace fossil-based, highly polluting, energy-intensive traditional manufacturing processes with environmentally friendly biomanufacturing. The rise of Biomanufacturing will drive product innovation and cost-effectiveness in the chemical, energy, and materials sectors, supporting human sustainable development. Over five years of development, MOJIABIO has made significant strides in technological innovation and application expansion. Leveraging innovative enzyme engineering and bio-metabolic pathway platforms, the company has completed process development for several industrial products and commenced mass production.
Bio-manufacturing, characterized by renewable raw materials and clean, efficient processes, can transform traditional chemical production methods and significantly reduce carbon emissions. MOJIABIO has always adhered to an eco-friendly approach, continually exploring and developing green, low-carbon bio-based alternatives. In 2023, MOJIABIO introduced the Aliphane® series of bio-based polymer products, utilizing bio-based PDI and derivatives to replace petroleum-based HDI and related products. This series finds wide applications in coating and adhesive industries. Aliphane® not only have high bio-based content (>70%), resistance to yellowing, low viscosity, and flexible formula blending advantages but also exerts a substantial positive impact on the environment. It is estimated that producing 400,000 tons of Aliphane® raw materials annually could reduce over 7 million barrels of crude oil consumption, reduce greenhouse gas emissions equivalent to 500,000 passenger cars annually, or save electricity consumption for nearly 1 million households per year. The environmental effect of Aliphane® is equivalent to planting 40 million trees over a 10-year period. Its wide use in the future will significantly alleviate environmental and energy pressures.
MOJIABIO understands that top technical experts and industrialization talents are needed in order to advance its bio-chemical manufacturing and new product development. In February 2023, MOJIABIO invited the world-renowned expert in industrial microbiology and innovative metabolic pathways, Dr. Ramon Gonzalez, to join as the Chief Scientific Officer. This move aims to accelerate the research and development of high-performance bio-based products that are environmentally friendly, as well as drive a diversified product pipeline layout.
Practicing ESG Principles with Real Actions
With the transformation of the domestic economic growth model and the steady advancement of the "Dual Carbon" strategy, the ESG concept has become a consensus among companies in various industries. MOJIABIO places high importance on ESG management, integrating the concept of sustainable development into daily operations and production management, continuously improving corporate governance structure, and actively fulfilling corporate social responsibility. In 2023, MOJIABIO issued an ESG declaration and will implement this declaration as a guideline for day-to-day work. In the future, the company will focus on achieving significant achievements in sustainable development in five key areas: protecting the earth, social advancement, sustainable product innovation, corporate governance, and employee welfare.
As a "people-oriented" company, MOJIABIO has always placed emphasis on developing both its employees and the organization. Building upon this principle, in November of 2023, the company established "MOJIABIO Academy" dedicated to comprehensively enhancing employee capabilities, focusing on employees' rights, development, and sense of involvement, and fostering a positive work environment and culture.
To implement ESG actions related to low-carbon economy, MOJIABIO, with the assistance and coordination of its shareholder Asia Green Fund, cooperated with East Low Carbon (ELC) a leading service provider in energy-saving and emission reduction. Through the establishment of ELC‘s AIoT smart energy management platform at the Guang'an factory, MOJIABIO achieved visualization and continuous monitoring of energy savings, significantly enhancing the company's intelligent energy efficiency and carbon management level. Additionally, ELC implemented a Waste Heat Recovery project. Without altering the production process, ELC was able to recover the waste heat from the spray drying tower's main thermal equipment, resulting in energy savings, improved efficiency, and reduced steam consumption. It is estimated that the project resulted in recovering a loss of heat equivalent to about 29,000 tons/year of steam. The energy-saving and economic benefits after the transformation can exceed 650,000/year, achieving a reduction of 1056 tons/year of carbon dioxide emissions and 320 tons/year of carbon emissions (converted based on the standards of the Southern Power Grid).
On another front, MOJIABIO actively participates in domestic and international cooperation. The company collaborates with a global leader in animal nutrition additives production to improve the packaging format of their Vitamin B5 products by eliminating cardboard packaging. They also communicate with raw material suppliers for the reuse of wooden pallets, minimizing resource consumption.
To deepen awareness of the "Dual Carbon" strategy, MOJIABIO established a Continuous Improvement Team to encourage all employees to participate in energy-saving and emission reduction activities. Throughout 2023, over 200 suggestions were collected, leading to significant improvements in production volume and yield, reduced reactive power consumption, and an average monthly reduction of approximately 10% in electricity consumption through continuous improvement efforts.